"The strong data traction reflects the huge opportunity in
data and XL is well positioned to capture future growth. Data is
the fastest growing segment with an increased contribution from
15 percent in 2011 to 20 percent in 2012 and usage more than
doubled," the Indonesian unit of Malaysia's Axiata Group Berhad
said.

XL Axiata shares closed at 5,300 rupiah on Friday, while the
broader Jakarta Composite Index was up 0.63 percent at
4481.63.

Shares in Indonesia's largest bank PT Bank Negara Indonesia
soared as much as 10.19 percent to 4,325 rupiah,
followed by state-owned peers Bank Mandiri and Bank
Rakyat Indonesia which jumped as much as 4.94 percent
and 2.52 percent respectively.

On valuation, the bank is traded at 1.9x profit to book value
(PBV), cheaper compared to other big banks which average at 3x
PBV. Furthermore, BBNI's stock performance has underperformed
compared to the Jakarta financial index, he said.

A day before, Bank Rakyat Indonesia announced its full-year
2012 earnings after Moody's Investors Service said that
Indonesian banking system outlook will remain stable for the
next 12-18 months, based on a conducive operating environment
which is supportive for asset quality and
profits.

1436 (0736 GMT)

(Reporting by Andjarsari Paramaditha; Editing by G.Ram Mohan)
***************************************************************
* 11:18 STOCKS NEWS INDONESIA-Bank Rakyat Indonesia rises on
earnings result Shares in the world's biggest microlender PT
Bank Rakyat Indonesia rose 1.89 percent on Friday, a
day after the company announced its full-year 2012 results.
Indonesia's second-largest lender by assets said net profit
was 18.52 trillion rupiah ($1.90 billion), up 22.8 percent from
15.08 trillion rupiah in the previous year. Loan growth was 22.8
percent, up 14.8 percent, and on par with the industry average
of above 20 percent.
"BRI's share price is up strongly during the first month of
the year on the back of widely anticipated recovery in 4Q12 loan
growth. However given the growth was in lower yielding segments,
we see little cause for elation...we see better risk-return in
Bank Central Asia or Bank Mandiri which have
rising NIMs and stable/rising ROEs," CLSA analyst Jayden
Vantarakis said in a note on Friday.
Bank Rakyat Indonesia's shares were traded at 8,100 rupiah,
while the broader Jakarta Composite Index was up 1.2
percent.
1111 (0411 GMT)
(Reporting by Andjarsari Paramaditha; Editing by Jijo Jacob)
***************************************************************
* 11:11 RTRS-STOCKS NEWS INDONESIA-CIMB upgrades Media Nusantara
to 'outperform' CIMB Equity Research upgraded its rating on
Indonesian television channel operator PT Media Nusantara Citra
Tbk to 'outperform' from 'neutral', citing a
substantial increase in dividend payout, better-than-expected
margins and the buyout of the remaining 25 percent stake in MNC
TV.
"Our optimistic view is based on three factors: higher
competition in consumer products is likely to fuel growth in ad
spend, additional revenue from political campaigns which may
start as early as June 2013, and low ad spend in the region,"
CIMB analyst Irenne Achmad said in a note on Friday.
The research house also raised Media Nusantara's target price
to 3,350 rupiah from 3,300 rupiah, saying the company will
continue to ride on the media sector's strong earnings growth
momentum which will limits near-term downside risks for its
earnings.
"Sector tailwinds aside, MNCN is forecasting an earnings growth
of 20 percent on the back of 18 percent growth in advertising
revenue and slight margin expansion," the note said.
The media firm's shares were down 1.05 percent at 2,350 rupiah,
while the broader index was up 1.21 percent.
1056 (0356 GMT)
($1 = 9,740 rupiah)
(Reporting by Andjarsari Paramaditha, Editing by Sunil Nair)

MOSCOW, Jan 14 Big Russian companies raised a
total of $5.7 billion from China in December, ING bank said in a
research note on Thursday, adding that most of the deals were
linked to the energy sector and required a lot of political
work.

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